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US 10YR FUTURE TECHS: (Z4) Cracks Bear Trigger

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 114-14+ High Oct 3    
  • RES 3: 114-01+ High Oct 4
  • RES 2: 113-12   Low Sep 3 and a key short-term resistance   
  • RES 1: 112-22/113-01 High Oct 16 / 20-day EMA  
  • PRICE:‌‌ 111-18 @ 17:31 BST Oct 21
  • SUP 1: 111-17+ Low Oct 21
  • SUP 2: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 3: 111-00   Low Jul 22 
  • SUP 4: 110-08   2.0% 10-dma envelope

The trend condition in Treasuries remains bearish, with price showing below last week’s lows and triggering the bear trigger in the process. The recent breach of the 50-day EMA and the 112-00 handle, strengthened a bearish theme and highlighted potential for a continuation lower. Sights are on 111-14, the 50% retracement for the Apr - Sep bull leg. 113-12, the Sep 3 low, is the first key resistance. A stronger recovery would allow  a short-term oversold condition to unwind.

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  • RES 4: 114-14+ High Oct 3    
  • RES 3: 114-01+ High Oct 4
  • RES 2: 113-12   Low Sep 3 and a key short-term resistance   
  • RES 1: 112-22/113-01 High Oct 16 / 20-day EMA  
  • PRICE:‌‌ 111-18 @ 17:31 BST Oct 21
  • SUP 1: 111-17+ Low Oct 21
  • SUP 2: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 3: 111-00   Low Jul 22 
  • SUP 4: 110-08   2.0% 10-dma envelope

The trend condition in Treasuries remains bearish, with price showing below last week’s lows and triggering the bear trigger in the process. The recent breach of the 50-day EMA and the 112-00 handle, strengthened a bearish theme and highlighted potential for a continuation lower. Sights are on 111-14, the 50% retracement for the Apr - Sep bull leg. 113-12, the Sep 3 low, is the first key resistance. A stronger recovery would allow  a short-term oversold condition to unwind.